Amazon has acquired a 2% stake in Grubhub, the North America-based subsidiary of European food delivery giant Just Eat Takeaway, the Amsterdam-based company announced Wednesday.
Shares of Just Eat (OCTUS: JTKWY) were trading up nearly 20% on the news Wednesday morning, while rival DoorDash’s stock (NYSE: DASH) was down about 10%.
Amazon’s (NASDAQ: AMZN) stake in Grubhub could rise to 13% if it can deliver a certain amount of new customers to the business, though the announcement did not specify...
https://www.freightwaves.com/news/amazon-takes-bite-out-of-grubhub-offers-prime-members-free-perks